What Is the Wealthiest Non Profit Organization? Overview of Non-Profit Organizations

The wealthiest non-profit organization is the Novo Nordisk Foundation. To find if a charity has 501(c)3 status, search the IRS database. The IRS website lists qualified organizations eligible for tax deductions on donations.

The Columbus Foundation helps nonprofits through grants, tools, and endowment funds. World Vision NZ received the largest donations in New Zealand in 2015 at $71.7 million.

Goodwill Industries helps train people for new careers. Their 2017 revenue was $5.87 billion. Goodwill’s CEO had a 2017 salary of $598,300.

The primary goal of most non-profit health organizations is to promote health care. Investor-owned corporations aim to profit shareholders while non-profits serve the public good.

Small non-profits should incorporate to exist as legal entities, own property, and have bank accounts. The type of cause pursued affects a non-profit’s revenue. Costs include administrative expenses and staff pay. Non-profits can make money to cover costs if related to their purpose.

Staff at non-profits receive taxable salaries. "Non-profit" and "501(c)3" are distinct terms. Non-profit attorneys assist with paperwork, taxes, and litigation issues.

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